Approximately 70% of global blood banks use radio-frequency identification (RFID) blood monitoring systems for individual safety.

The need to reduce blood transfusion errors will drive the adoption rate. In 2012,the Transfusion Medicine RFID Consortium stated that the use of RFID results in approximately 33% reduction in misplacement of products at blood donation points, as well as an 87% decrease in reconciliation issues or misplacement of products at hospitals.The increasing complications associated with blood transfusion errors will compel hospitals and blood banks to adopt RFID blood monitoring systems.The emergence of ultra-high-frequency tags will drive the market growth owing to their enhanced features such as increased speed and accuracy.The endorsements of RFID blood monitoring systems by blood banks will increase the penetration rate.

PART 01: Executive summary 6

Highlights 6

PART 02: Scope of the report 7

Market overview 7

Top-vendor offerings 7

PART 03: Market research methodology 9

Research methodology 9

Economic indicators 9

PART 04: Introduction 10

Key market highlights 10

RFID in blood centers 11

Biopreservation 13

Storage conditions of blood samples 14

Controlled room temperature 15

Refrigeration 15

Frozen 15

Ultra-low temperature 16

Cryogenic LN2 16

PART 05: Blood bank funding and financial stability 17

Moving toward cost recovery model 17

PART 06: Harmonization of biobanking/blood banking 19

PART 07: Market landscape 21

Market overview 21

Market size and forecast 22

Five forces analysis 25

PART 08: Market segmentation by product type 26

RFID systems 28

RFID tags 31

PART 09: Geographical segmentation 35

RFID blood monitoring systems market in Americas 38

RFID blood monitoring systems market in EMEA 39

RFID blood monitoring systems market in APAC 40

PART 10: Market drivers 42

Growing need to reduce errors during blood

transfusions 42

Increased advantages of RFID over barcode scanners

driving adoption 43

Robust guidelines enabling use of RFID for blood

monitoring 43

PART 11: Impact of drivers 45

PART 12: Market challenges 46

High initial investment and maintenance cost 46

Data security issues 46

Lack of public trust on government or industry-sponsored

blood storage research 46

PART 13: Impact of drivers and challenges 47

PART 14: Market trends 48

Growing adoption of RFID-based solutions for efficient

blood monitoring 48

Increasing volume of blood storage inventory driving

demand for RFID systems 48

Improvisation of supply chain management through

RFID 48

PART 15: Vendor landscape 50

Competitive scenario 50

Key news 51

PART 16: Key vendor analysis 53

Biolog-Id 53

Mediware Information Systems 54

S3Edge 56

SATO Vicinity 57

Terso Solutions 59

Other prominent vendors 61

PART 17: Appendix 63

List of abbreviations 63

PART 18: Explore Technavio 64